The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has decided to allocate a substantial amount towards fostering growth in the gaming sector. With an approval to distribute 225 million ARB tokens, valued at approximately $215 million, over the next three years, the foundation aims to support the Gaming Catalyst Program (GCP). This
The recent surge in Ethereum (ETH) price, nearing the $4,000 mark, has sparked renewed market enthusiasm and inflows into the cryptocurrency space. This positive momentum follows the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have seen a
Bitcoin has recently seen a period of dull price action, with minor fluctuations over the weekend. A brief uptick toward $70,000 was observed before the asset returned to familiar levels. Despite this, Bitcoin had a strong week in terms of ETF inflows, with impressive streaks of 19 days of consecutive positive flows. These inflows resulted
In a world where the digital landscape is constantly evolving, Christian stands out as a beacon of knowledge and expertise. By day, he delves into the complexities of the cryptocurrency market, using his writing skills to educate and inform the masses. But Christian’s story goes beyond his professional pursuits; it delves into his personal passions
The release of Overworld Arena has ignited a new wave of excitement in the world of decentralized gaming. This latest expansion from Xterio combines captivating gameplay mechanics with blockchain technology to offer players a unique and rewarding experience. With a generous prize pool, exclusive rewards, and the opportunity to compete for coveted whitelist spots for
In the past market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, right before the United States Federal Reserve made the decision to cut interest rates. Interestingly, the pattern on the charts for this cycle appears to be quite similar. It is possible that we may witness a final flush out of
10x Research CEO Markus Thielen has expressed optimism about Bitcoin’s future, predicting a new all-time high. According to Thielen, a “head and shoulders” chart pattern is on the verge of completion, potentially leading to a rally towards $83,000 in the near future. Despite a retreat to just over $69,000 on June 7, Thielen remains bullish
Core Scientific, a key player in North America’s digital infrastructure industry, recently announced a strategic partnership with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts extending over 12 years, with Core Scientific set to supply approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This move marks a
The recent indictment of Bill Guan, chief financial officer of Epoch Times, by the US Department of Justice has sent shockwaves through the media industry. The allegations suggest that Guan was at the center of a sophisticated international money laundering scheme, involving the transfer of $67 million in illicit funds using cryptocurrency. This revelation has
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement. The price of ETH has fallen below the 4-hour Simple Moving Average (SMA), indicating a potential shift in market sentiment from bullish to bearish. This development is crucial for traders and investors as it could signal increased selling pressure and
